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April 16, 2014
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LOS ANGELES COUNTY NEWS
Archive
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• Live / Work Redevelopment Project in Downtown LA Nearing Completion
4/15/11
Construction of Barn Lofts, a 38-unit live/work development in downtown Los Angeles, is nearing completion, with the townhome units scheduled to be made available for sale at the end of April. The project, a development of Ca...
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• Pacoima Industrial Property Achieves Natural Balance
4/15/11
Natural Balance Pet Foods Inc signed a three-year, $1.7 mil lease for a 113.5k sf ($0.42/sf/mo) industrial building in the northeastern San Fernando Valley community of Pacoima. The building is located at 12224 Montague St, j...
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• Westside Office Gossip
4/14/11
Its been reported that Facebook recently signed a letter of intent to lease somewhere between 8k sf and 15k sf at Tishman Speyers 325k sf, four-building office complex in Playa Vista. The development, which was just complet...
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• NoCal Investor Pays $8.4 Mil for Vacant Pacific Palisades Mixed-Use Property
4/14/11
A Sonoma, CA investor has acquired Sunset Pacifica, a vacant, six story mixed-use apartment building in Pacific Palisades, an affluent district of Los Angeles. The property, located at 17351 West Sunset Blvd, a few blocks wes...
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• Accessories Importer Subleases 30k sf LA-Area Distribution Facility
4/13/11
B.L.K International Inc, an importer of fashion handbags, wallets, accessories, fine leather goods and garments, has subleased a 30k sf industrial facility in Los Angeles for expansion. The property, located at 2552 E. Olympi...
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• Regency Takes a Village, and Begins a $16 Mil Redevelopment Project
4/13/11
National retail owner/developer Regency Centers has begun redevelopment work on Granada Village, a 225k sf neighborhood center located in the northern San Fernando Valley. The $16 mil project will convert the 46-year-old cent...
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• Brookfield to Add $40 Mil of Taste-y Changes at Its Downtown LA Retail Center
4/12/11
Downtown LAs renaissance continues. In the latest big change for the areas retail market, Brookfield Office Properties has begun a $40 mil redevelopment project on its 330k sf retail center in downtown Los Angeles, which is...
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• West LA Apartment Buy is of National Interest
4/11/11
A Beverly Hills-based investment entity has acquired the National Townhomes, two adjacent apartment properties containing a combined 12 units and located at 9101 and 9115 National Blvd, west of Robertson Blvd and north of the...
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• Recent Leases at Continental Park Total $7 Mil and 30k sf of Space
4/11/11
Continental Development Corporation recently signed several leases with tenants at their Continental Park mixed-use business campus at the border of El Segundo and Manhattan Beach in L.A.s desirable South Bay region. The dea...
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• Kearny Real Estate / Morgan Stanley Partnership Acquires $196 Mil Loan Portfolio
4/08/11
Kearny Real Estate Company, in partnership with Morgan Stanley Real Estate Investing, has acquired a $196 mil loan portfolio secured by assets in California, Nevada, Washington, New Jersey and New York. The portfolio was sold...
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• LAX Industrial Facility Worth Over $9 Mil as Fine China
4/07/11
China Airlines purchased a 57k sf warehouse building not far from LAX for a price of $9.3 mil ($163/sf). The building, located at 5651 West 96th St, west of the 405 Fwy and north of Century Blvd, is situated on more than thre...
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• UCLA Brings Some School Spirit to West LAs Office Leasing Market
4/07/11
The Regents of the University of California agreed to a lease renewal and restructure for a total of 24.1k sf of office space located at two buildings on LAs Westside, at 11075 Santa Monica Blvd and 1640 S. Sepulveda Blvd. B...
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• Latest Signing Brings SF Valley Center to Fully Leased
4/06/11
A 10.1k sf Van Nuys mixed-use property now stands at fully leased after the recent completion of a lease for the remaining space to an immigration and tax preparation firm. Frances Rocha has leased the final 1k sf of space i...
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• Raintree Partners Closes $43 Mil Purchase of Burbank Multifamily Asset
4/05/11
Laguna Niguel-based Raintree Partners has acquired 1200 Riverside Apartments, a 270-unit multifamily property in Burbank. Located at 1200 West Riverside Dr, east of Buena Vista St between Alameda Ave and the 134 Fwy, the apar...
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• Logistics Firm Leases 149k sf Facility in Carson
4/05/11
OHL Contract Logistics leased a 148.7k sf industrial facility on 7.81 acres of land at 2116 E. 220th St, within the master-planned Watson Corporate Center in the city of Carson. This the second lease for OHL within Watson Cor...
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• Trio of LA-Area Brokerage Firms Team Up Under the Coldwell Banker Brand
4/05/11
Three respected L.A. Metro area commercial real estate companies Blair Commercial Real Estate, Inc., Coldwell Banker Commercial R.E.A.G., both of Long Beach, and Coldwell Banker Commercial WESTMAC of Los Angeles have join...
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• Champion Spends $20 Mil on Hollywood Redevelopment Opportunity
4/04/11
An affiliate of West LA-based Champion Real Estate Company has acquired a five-building mixed-use complex in Hollywood for $20 mil in an all-cash transaction. The property, located on a 2.76-acre site bounded by Highland, Sel...
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• Rancho Dominguez Industrial Facility Fetches $8.1 Mil
4/01/11
A 120k sf warehouse / manufacturing facility in Rancho Dominguez sold for $8.1 mil ($67.50/sf). Located at 2060 E. Via Arado, the property was sold to Agron Inc. in an owner/user deal. Constructed in 1973, 2060 E. Via Arado ...
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• City of Industry Leasing Heats Up after HOT $3 Mil Deal
4/01/11
HOT Services signed a five-year, $3.1 mil lease for a 156k sf ($0.33/sf/mo) industrial building located at 14255-14317 Lomitas Ave, north of I-60 and east of Workman Mill Rd in the City of Industry. Built in 2001, the prope...
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• Valuable Emergency Preparedness Seminar on Saturday, April 2
4/01/11
With the recent natural disasters in Japan and New Zealand, we are reminded that emergency preparedness is critical to life safety and mitigating damage and loss. On Saturday, April 2, 2011 between 8:00 am and 12:00 pm, Cent...
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